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Trump Says Rates Should Fall, but It’s Not Entirely Up to Warsh

President Donald Trump again said he favors lower interest rates. He also acknowledged that the decision does not rest solely with the central bank chief. Trump’s comments were notably softer than the sharp attacks he had directed at Federal Reserve Chairman Kevin Warsh’s predecessor. The remarks suggest continued pressure for easier monetary policy, while recognizing that the rate-setting authority is not controlled by one person alone.

Macro & central banksDonald Trumpinterest ratesFederal Reserve

BBloomberg NewsOriginal★★★☆☆2026-08-07 21:30

Trump Says Rates Should Fall, but It’s Not Entirely Up to Warsh
Trump Says Rates Should Fall, but It’s Not Entirely Up to Warsh

Soft July jobs report fuels skepticism over possible Fed rate hike

The U.S. economy unexpectedly lost jobs in July. Nonfarm payrolls for the previous month were also revised sharply downward. The weaker labor-market picture could raise questions about whether the Federal Reserve will lift interest rates next month.

Macro & central banksEnergy & commoditiesCompanies & industryUS economyjobs reportFederal Reserveinterest rates

RReutersOriginal★★★☆☆2026-08-07 18:05

Soft July jobs report fuels skepticism over possible Fed rate hike
Soft July jobs report fuels skepticism over possible Fed rate hike
  • US labour market sheds jobs in July as participation rate slumps
    US labour market sheds jobs in July as participation rate slumps

    The US labour market lost 23,000 jobs in July. Education, government and retail were among the sectors reporting significant declines. Labour force participation also fell sharply. The figures point to a weaker employment picture during the month.

    US jobslabour marketemployment

    AAl Jazeera★★★☆☆2026-08-07 16:25Original
  • Key Takeaways From the US Jobs Report for July
    Key Takeaways From the US Jobs Report for July

    The US employment report for July was released on Friday. The report highlights the main points from the latest employment data. The takeaways focus on the state of employment in the United States.

    US jobsemployment reporteconomic data

    BBloomberg News★★★☆☆2026-08-07 15:40Original

Canada posts strong July jobs gain as unemployment hits two-year low

Canada added substantially more jobs than expected in July, according to data released on Friday. The unemployment rate also fell to its lowest level in two years. The figures offer another indication that the Canadian economy is managing to withstand the effects of U.S. tariffs and international tensions.

Macro & central banksTrade & sanctionsCompanies & industryCanada economyjobsunemploymentUS tariffs

RReutersOriginal★★★☆☆2026-08-07 15:25

Canada posts strong July jobs gain as unemployment hits two-year low
Canada posts strong July jobs gain as unemployment hits two-year low

US employment falls unexpectedly, sending yen higher and dollar lower as rate-hike expectations recede

The United States has released employment data that can affect exchange rates and stock prices. Employment outside the agricultural sector declined in July, contrary to market expectations, and the drop was substantially larger than anticipated. Expectations that the Federal Reserve would move quickly to raise interest rates have eased. The yen has consequently strengthened while the dollar has weakened.

MarketsUS employmentrate expectationsyen exchange rate

NNHK NewsOriginal★★★☆☆2026-08-07 14:53

US employment falls unexpectedly, sending yen higher and dollar lower as rate-hike expectations recede
US employment falls unexpectedly, sending yen higher and dollar lower as rate-hike expectations recede
  • US stocks rise as surprise payroll decline eases rate-hike fears
    US stocks rise as surprise payroll decline eases rate-hike fears

    Wall Street’s main stock indexes moved higher on Friday after data showed that the U.S. economy unexpectedly lost jobs last month. The figures cast doubt on whether the Federal Reserve might raise interest rates in September. Investors responded to the weaker employment picture by reassessing the outlook for monetary policy. Rate-hike expectations became less certain following the payroll decline.

    US stockspayrollsFederal Reserveinterest rates

    RReuters★★★☆☆2026-08-07 14:15Original

Russia’s international reserves fall 0.01% in July to $720.348 billion — Central Bank

Russia’s international reserves edged down 0.01% in July, reaching $720.348 billion, according to the Central Bank. Foreign-currency reserves rose 1.43% to $6.036 billion. The value of monetary gold held within the reserves declined 2.05%, falling to $292.854 billion.

Macro & central banksEnergy & commoditiesRussiainternational reservescentral bankgold

TTASSOriginal★★★☆☆2026-08-07 14:04

Russia’s international reserves fall 0.01% in July to $720.348 billion — Central Bank

US nonfarm payrolls fall in July; unemployment rate eases to 4.1%

The US economy unexpectedly lost jobs in July, while the unemployment rate eased to 4.1%. Nonfarm payrolls for the previous month were revised sharply lower. The weaker employment picture could prompt questions about whether the Federal Reserve will raise interest rates next month. The figures point to a potentially softer labor market.

Macro & central banksUS economyemploymentnonfarm payrollsFederal Reserve

RReutersOriginal★★★☆☆2026-08-07 13:05

US nonfarm payrolls fall in July; unemployment rate eases to 4.1%
US nonfarm payrolls fall in July; unemployment rate eases to 4.1%
  • US economy unexpectedly lost 23,000 jobs in July amid summer hiring slump

    A summer hiring slowdown weighed on the US labor market in July. The economy unexpectedly shed 23,000 jobs during the month. The Bureau of Labor Statistics released the new data on Friday. The figures point to continued weakness in employment conditions. The decline came as hiring remained subdued across the labor market.

    US jobslabor marketeconomic data

    CCNN★★★★☆2026-08-07 12:51Original
  • US Employers Unexpectedly Shed Jobs, Unemployment Rate Falls
    US Employers Unexpectedly Shed Jobs, Unemployment Rate Falls

    US employers unexpectedly reduced the number of jobs in July. Employment figures for earlier months were also revised downward. The changes suggest that the labor market is encountering difficulties after showing surprising strength earlier this year. The unemployment rate nevertheless declined.

    US jobsunemployment ratelabor market

    BBloomberg News★★★☆☆2026-08-07 12:40Original
  • US likely added nearly 100,000 jobs in July, but market remains tough for young and unemployed
    US likely added nearly 100,000 jobs in July, but market remains tough for young and unemployed

    The US labor market has appeared relatively steady so far this year. Hiring has held up after a weak 2025, though the pace has been solid rather than spectacular. July may have brought nearly 100,000 additional jobs. Even so, young people and those already without work continue to face a difficult market.

    US jobslabor marketyoung workersunemployment

    TThe Associated Press★★★☆☆2026-08-07 12:00Original

China’s July bank lending set to plunge on weak demand and seasonal slowdown: Reuters poll

China’s new bank lending is expected to fall sharply in July, according to a Reuters poll of 20 economists. The survey puts likely issuance at 45 billion yuan, or $6.67 billion. That would be a steep decline from 1.61 trillion yuan in June. Economists attributed the drop to subdued credit demand and lending brought forward ahead of the quarter-end in June.

Macro & central banksBanking & financeChina economybank lendingcredit demandReuters poll

RReutersOriginal★★★☆☆2026-08-07 12:25

China’s July bank lending set to plunge on weak demand and seasonal slowdown: Reuters poll
China’s July bank lending set to plunge on weak demand and seasonal slowdown: Reuters poll

Indian July consumer inflation likely edged higher on food prices

Indian consumer inflation was likely higher in July, according to a Reuters poll. A modest rise in food prices may have pushed inflation above the Reserve Bank of India’s 4% medium-term target for a second consecutive month. The reading would point to continuing price pressure in the economy.

Macro & central banksEnergy & commoditiesCompanies & industryIndiaconsumer inflationfood pricesReserve Bank of India

RReutersOriginal★★★☆☆2026-08-07 12:05

Indian July consumer inflation likely edged higher on food prices
Indian July consumer inflation likely edged higher on food prices

Germany: Exports and factory data brighten economic outlook

German exports reached a record level in June, offering a boost to the country’s economic outlook. Industrial production also increased for the third consecutive month. Separately, a farm fire in Bavaria killed more than 1,000 pigs. The latest developments combine encouraging economic indicators with a serious agricultural accident.

Macro & central banksTrade & sanctionsCompanies & industryGermany economyexportsindustrial productionfarm fire

DDWOriginal★★★☆☆2026-08-07 08:51

Germany: Exports and factory data brighten economic outlook
Germany: Exports and factory data brighten economic outlook
  • German exports rise more than expected in June
    German exports rise more than expected in June

    German exports increased by 0.9% in June from the previous month, exceeding expectations. The figures were released on Friday by the federal statistics office. The data points to an improvement in Germany’s export performance during the month. It records a month-on-month rise in the country’s foreign trade shipments.

    Germanyexportstrade data

    RReuters★★★☆☆2026-08-07 06:15Original

Fed’s Musalem Calls for Meaningful Restraint on Inflation

Federal Reserve Bank of St. Louis President Alberto Musalem said inflation is running above the central bank’s 2% target. He argued that policymakers cannot tolerate even higher inflation while waiting for productivity growth to potentially strengthen. Musalem called for meaningful restraint in addressing price pressures.

Macro & central banksFederal Reserveinflationmonetary policy

BBloomberg NewsOriginal★★★☆☆2026-08-07 06:30

Fed’s Musalem Calls for Meaningful Restraint on Inflation
Fed’s Musalem Calls for Meaningful Restraint on Inflation

Comicomment: Behind the ‘China overcapacity’ hype lies U.S. anxiety

As global supply chains are being reshaped, some countries are politicizing trade issues and advancing a narrative about “China overcapacity.” They are also imposing additional restrictions on Chinese companies while claiming to protect their own interests. The commentary presents the campaign as rooted in U.S. anxiety.

Trade & sanctionsChina overcapacityUnited Statestrade restrictionsglobal supply chains

CChina News ServiceOriginal★★★☆☆2026-08-07 06:12

Comicomment: Behind the ‘China overcapacity’ hype lies U.S. anxiety
  • Comicomment: What’s behind the ‘China overcapacity’ hype?

    China’s industrial capacity is portrayed as a force supporting global economic recovery rather than posing a threat. The commentary argues that dimming others’ lights will not make one’s own shine brighter. It says blocking cooperation would instead hold back one’s own future. The piece therefore rejects the framing of China’s capacity as a danger.

    China economyovercapacityglobal recovery

    CChina News Service★★☆☆☆2026-08-07 06:11Original

Jobs report to put fresh test to Fed Chair Warsh’s less-guidance stance

Federal Reserve Chair Kevin Warsh wants the bond market to take a greater role in determining the price of money in the United States. He argues that market forces should do more of this work. The upcoming jobs report will provide a fresh test of his preference for offering less guidance.

Macro & central banksMarketsCompanies & industryUS economyjobs reportFederal Reservebond market

RReutersOriginal★★★☆☆2026-08-07 05:35

Jobs report to put fresh test to Fed Chair Warsh’s less-guidance stance
Jobs report to put fresh test to Fed Chair Warsh’s less-guidance stance

US job growth likely picked up in July; unemployment rate forecast unchanged at 4.2%

U.S. employment growth is expected to have strengthened in July. The result would reassure those watching the labor market that it has remained resilient. The unemployment rate is forecast to stay at 4.2%. That would allow the Federal Reserve to keep concentrating on inflation.

Macro & central banksCompanies & industryUS jobsunemploymentFederal Reserveinflation

RReutersOriginal★★★☆☆2026-08-07 04:10

US job growth likely picked up in July; unemployment rate forecast unchanged at 4.2%
US job growth likely picked up in July; unemployment rate forecast unchanged at 4.2%

Philippines Q2 GDP grows 2.3% year-on-year, below expectations

The Philippine economy expanded 2.3% in the second quarter compared with the same period a year earlier, the country’s statistics agency said on Friday. The result was weaker than expected, indicating that growth slowed during the quarter.

Macro & central banksPhilippinesGDPeconomic growth

RReutersOriginal★★★☆☆2026-08-07 03:50

Philippines Q2 GDP grows 2.3% year-on-year, below expectations
Philippines Q2 GDP grows 2.3% year-on-year, below expectations

Singapore’s OCBC and UOB beat forecasts as wealth income eases margin pressure

Singapore lenders OCBC and UOB posted stronger second-quarter profits than analysts had forecast. Revenue from wealth management and other fee-based businesses helped offset the impact of lower interest rates on their core lending operations. Both banks reported the results on Friday, highlighting the support provided by non-lending income as rate pressure weighed on margins.

Macro & central banksMarketsBanking & financeCompanies & industrySingapore banksquarterly profitswealth managementinterest rates

RReutersOriginal★★★☆☆2026-08-07 03:20

Singapore’s OCBC and UOB beat forecasts as wealth income eases margin pressure
Singapore’s OCBC and UOB beat forecasts as wealth income eases margin pressure

Asian shares pause ahead of US jobs data as oil gains on Middle East risks

Asian stocks paused on Friday as investors awaited U.S. employment figures. The data could be pivotal to the Federal Reserve’s interest-rate decision next month. Oil prices extended their gains, highlighting that tensions in the Middle East remain far from resolved. Markets are watching both the labor data and geopolitical risks for clues about the next policy and trading moves.

Macro & central banksMarketsEnergy & commoditiesCompanies & industryAsian sharesUS jobs dataFederal Reserveoil pricesMiddle East risks

RReutersOriginal★★★☆☆2026-08-07 02:20

Asian shares pause ahead of US jobs data as oil gains on Middle East risks
Asian shares pause ahead of US jobs data as oil gains on Middle East risks

Top US Mortgage Lender Suffers Record Plunge After Dividend Suspension

Shares of United Wholesale Mortgage, the biggest mortgage lender in the United States, dropped as much as 49% on Thursday. The move marked the company’s steepest decline ever. It came after the lender reported a net loss of $452 million. The company also suspended its dividend for the first time, intensifying the market reaction.

Macro & central banksMarketsBanking & financeReal Estatemortgagesstock marketdividend suspensionUS economy

BBloomberg NewsOriginal★★★☆☆2026-08-07 00:00

Top US Mortgage Lender Suffers Record Plunge After Dividend Suspension
Top US Mortgage Lender Suffers Record Plunge After Dividend Suspension

Occidental expects flat 2027 spending and output, keeps focus on debt reduction

U.S. oil producer Occidental Petroleum said it expects both production and capital spending to remain flat in 2027. The company added that reducing debt will continue to be a priority. Its outlook points to no planned expansion in those areas next year, while financial efforts remain centered on lowering its debt burden.

Macro & central banksEnergy & commoditiesCompanies & industryOccidental Petroleumoil productioncapital spendingdebt reduction

RReutersOriginal★★☆☆☆2026-08-06 23:50

Occidental expects flat 2027 spending and output, keeps focus on debt reduction
Occidental expects flat 2027 spending and output, keeps focus on debt reduction

Asian Stocks Set to Slip on Iran Concerns as Oil Climbs: Markets Wrap

Asian stocks were poised for a modest decline on Friday as renewed geopolitical tensions weighed on US equities and bonds. Oil prices surged, bringing inflation worries back to the forefront. Investors are also looking ahead to a key US jobs report. The market moves reflect heightened concern over the latest developments involving Iran.

Macro & central banksMarketsEnergy & commoditiesAsian stocksIran tensionsoil pricesinflation

BBloomberg NewsOriginal★★★★☆2026-08-06 23:30

Asian Stocks Set to Slip on Iran Concerns as Oil Climbs: Markets Wrap
Asian Stocks Set to Slip on Iran Concerns as Oil Climbs: Markets Wrap

Mexico central bank holds rate at 6.5%, delays inflation target return

Mexico’s central bank kept its benchmark interest rate at 6.50% on Thursday. The decision extends a pause that began in June. Policymakers also pushed back the expected timeline for inflation to return to its target. The move highlights the difficulty of containing price pressures in Latin America’s second-largest economy.

Macro & central banksMexicocentral bankinterest ratesinflation

RReutersOriginal★★★☆☆2026-08-06 21:40

Mexico central bank holds rate at 6.5%, delays inflation target return
Mexico central bank holds rate at 6.5%, delays inflation target return

Argentina analysts cut 2026 growth forecast, inflation outlook dips

Analysts have reduced their forecast for Argentina’s economic growth in 2026, according to a central bank survey released on Thursday. The same respondents also lowered their expectations for inflation. Both projections moved downward, indicating a softer assessment of the country’s expected growth and price outlook for the year ahead.

Macro & central banksArgentinaeconomic growthinflation expectations

RReutersOriginal★★★☆☆2026-08-06 18:50

Argentina analysts cut 2026 growth forecast, inflation outlook dips
Argentina analysts cut 2026 growth forecast, inflation outlook dips

India’s Britannia misses profit estimates as Middle East war lifts costs

Britannia Industries of India reported first-quarter profit below market expectations on Thursday. Higher fuel and shipping expenses tied to the conflict in the Middle East outweighed stronger demand for the company’s packaged foods. The result highlights how the war-related increase in operating costs has pressured the food maker’s earnings.

Macro & central banksTrade & sanctionsCompanies & industryIndia economycorporate earningsMiddle East conflictshipping costs

RReutersOriginal★★★☆☆2026-08-06 18:40

India’s Britannia misses profit estimates as Middle East war lifts costs
India’s Britannia misses profit estimates as Middle East war lifts costs

US Mortgage Rates Rise to 6.69%, Highest Since July 2025

US mortgage rates climbed to 6.69%, reaching a new high for the year. Inflation concerns were fueled by the ongoing war with Iran and the Federal Reserve’s decision to leave borrowing costs unchanged. The increase highlights the pressure facing borrowers as markets respond to both geopolitical developments and monetary policy.

Macro & central banksReal Estatemortgage ratesUS economyFederal Reserveinflation

BBloomberg NewsOriginal★★★☆☆2026-08-06 18:30

US Mortgage Rates Rise to 6.69%, Highest Since July 2025
US Mortgage Rates Rise to 6.69%, Highest Since July 2025

India’s July fuel consumption rises 3% to four-month high

India’s fuel consumption increased by about 3% in July compared with the previous month. Data from the oil ministry’s Petroleum Planning and Analysis Cell put total consumption at 19.92 million metric tons. That marked the country’s highest level since March.

Macro & central banksEnergy & commoditiesIndiafuel consumptionoil market

RReutersOriginal★★★☆☆2026-08-06 17:15

India’s July fuel consumption rises 3% to four-month high
India’s July fuel consumption rises 3% to four-month high

Debt-Fueled Solar Firm GoldenPeaks Accused of Fraudulent Lending

Solar-power developer GoldenPeaks Capital has collapsed amid heavy debt. A court-appointed administrator overseeing the group’s key Polish subsidiary said the failure followed several transactions involving related entities. Those dealings were described as seemingly “fraudulent,” placing the company’s lending practices under scrutiny.

Macro & central banksEnergy & commoditiesCompanies & industryGoldenPeaks Capitalsolar powerfraudulent lending

BBloomberg NewsOriginal★★☆☆☆2026-08-06 15:40

Debt-Fueled Solar Firm GoldenPeaks Accused of Fraudulent Lending
Debt-Fueled Solar Firm GoldenPeaks Accused of Fraudulent Lending

Can Australia make housing affordable without triggering a major market crash?

Australia’s political dream of “sustainable price increases” may soon be tested. Under that scenario, property values would continue rising, but more slowly than wages. The Reserve Bank has raised interest rates, while the housing market is retreating. That may look normal so far, yet the combination raises a larger question: can Australia improve housing affordability without provoking a major collapse in property prices?

Macro & central banksReal EstateAustraliahousing affordabilityproperty marketinterest rates

TThe GuardianOriginal★★★☆☆2026-08-06 15:00

Can Australia make housing affordable without triggering a major market crash?
Can Australia make housing affordable without triggering a major market crash?

India’s Tata Sons pushed toward listing after central bank classification

The Reserve Bank of India said on Thursday that it had added Tata Sons to its list of upper-layer non-banking financial companies. Firms in this category face tougher regulatory requirements. The classification keeps pressure on one of India’s largest holding companies to go public. Tata Sons could avoid that path only if it obtains an exemption from the requirements.

Macro & central banksMarketsBanking & financeIndia economyTata Sonslistingfinancial regulation

RReutersOriginal★★★☆☆2026-08-06 14:25

India’s Tata Sons pushed toward listing after central bank classification
India’s Tata Sons pushed toward listing after central bank classification

Egypt inflation likely rose to 15.6% in July, poll says

Egypt’s annual headline inflation rate was likely higher in July, reaching 15.6% compared with 14.3% in June, according to a Reuters poll. The expected acceleration was attributed to an unfavorable base effect and increased pressure on both food and non-food prices. The reading would mark a renewed rise in inflationary pressure in the country.

Macro & central banksEnergy & commoditiesEgyptinflationfood prices

RReutersOriginal★★★☆☆2026-08-06 14:00

Egypt inflation likely rose to 15.6% in July, poll says
Egypt inflation likely rose to 15.6% in July, poll says

Bloomberg: Putin began pressuring Russian central bank chief over key rate

Vladimir Putin had generally maintained a conspicuous distance from Russia’s monetary policy. Bloomberg reports that he nevertheless made clear twice in July that the central bank needed to reduce its key rate. The agency described his remarks, delivered shortly before a policy meeting, as unusually direct. The comments indicated that Putin was beginning to pressure central bank chief Elvira Nabiullina over the rate decision.

Macro & central banksRussiaVladimir Putincentral bankkey rate

MMeduzaOriginal★★★☆☆2026-08-06 13:59

Bloomberg: Putin began pressuring Russian central bank chief over key rate
Bloomberg: Putin began pressuring Russian central bank chief over key rate

Russia’s international reserves fall by $11.8 billion to $720.3 billion in one week — Central Bank

Russia’s international reserves fell by $11.8 billion over one week, reaching $720.3 billion, according to the Central Bank. The regulator said the decline was largely caused by negative revaluation. The figures describe a weekly reduction in the country’s reserve holdings. No other cause was cited in the statement.

Macro & central banksRussiainternational reservescentral bank

TTASSOriginal★★★☆☆2026-08-06 13:36

Russia’s international reserves fall by $11.8 billion to $720.3 billion in one week — Central Bank

US jobless claims rise to 199,000, while layoffs remain historically low

The number of Americans seeking unemployment benefits increased last week to 199,000. Layoffs, however, continue to sit within the historically healthy range seen over the past several years. The latest figures point to an uptick in benefit applications without a comparable deterioration in layoffs. The labor market therefore remains broadly resilient despite the weekly rise.

Macro & central banksCompanies & industryUS economyjobless claimslabor market

TThe Associated PressOriginal★★★☆☆2026-08-06 13:33

US jobless claims rise to 199,000, while layoffs remain historically low
US jobless claims rise to 199,000, while layoffs remain historically low

‘There is no money’: Is Iraq entering a phase of lean years?

Iraq’s government needs roughly $8.24bn every month to pay state salaries and meet its basic obligations. The scale of that recurring requirement raises the question of whether the country is moving into a prolonged period of fiscal scarcity. The issue is framed around the government’s ability to sustain essential payments as money becomes increasingly constrained.

Macro & central banksIraqfiscal pressurestate salaries

AAl JazeeraOriginal★★★☆☆2026-08-06 13:19

‘There is no money’: Is Iraq entering a phase of lean years?
‘There is no money’: Is Iraq entering a phase of lean years?

Why Are US Mortgage Rates So High? What Would Lower Them?

2026 was expected to offer some relief to homebuyers who had been pushed to the sidelines. That prospect changed as the Iran war and concerns over accelerating inflation emerged. The combination has kept attention focused on why US mortgage rates remain so elevated. The key question is what could bring borrowing costs down.

Macro & central banksReal EstateUS mortgagesinterest ratesinflationIran war

BBloomberg NewsOriginal★★★☆☆2026-08-06 09:00

Why Are US Mortgage Rates So High? What Would Lower Them?
Why Are US Mortgage Rates So High? What Would Lower Them?

Chinese provinces promote paid leave to boost consumption

An increasing number of Chinese provinces are introducing paid-leave policies designed to turn time away from work into consumer spending. Henan is urging officials to set an example by taking the lead in implementing the approach. The measures reflect efforts by local governments to stimulate demand through more time off.

Macro & central bankspaid leaveconsumptionChinese provinces

CChina News ServiceOriginal★★★☆☆2026-08-06 08:43

Chinese provinces promote paid leave to boost consumption

Why is Russia selling its gold?

Russia has emerged as one of the world’s biggest gold sellers over the past year. The sales are an effort to raise cash while the country faces budget problems. However, they do not necessarily indicate that a financial crisis is about to occur.

Macro & central banksEnergy & commoditiesRussiagoldbudget pressure

DDWOriginal★★★☆☆2026-08-06 08:21

Why is Russia selling its gold?
Why is Russia selling its gold?

Hainan offshore duty-free sales rise 17.9% to $3 billion in first seven months

Offshore duty-free sales in China’s southern Hainan Province reached 21.6 billion yuan, or about $3 billion, during the first seven months of 2026. Haikou Customs said the figure was 17.9% higher than in the same period a year earlier. The data indicate continued growth in Hainan’s offshore duty-free market during the period.

Macro & central banksCompanies & industryHainanoffshore duty-freeconsumer spending

CChina News ServiceOriginal★★★☆☆2026-08-06 08:10

Hainan offshore duty-free sales rise 17.9% to $3 billion in first seven months

Why Bessent Wants a Bigger Fed Backstop to Support the Yen

The yen’s weakness has prompted one of the most dramatic currency-market interventions in decades. Japan and the United States began a joint effort in late July to bolster the currency. US Treasury Secretary Scott Bessent then surprised financial markets by calling for the Federal Reserve to enlarge an obscure lending program. He said the expanded support would aid Tokyo’s efforts to defend the yen.

Macro & central banksMarketsyencurrency interventionFederal ReserveJapan

BBloomberg NewsOriginal★★★★☆2026-08-06 03:00

Why Bessent Wants a Bigger Fed Backstop to Support the Yen
Why Bessent Wants a Bigger Fed Backstop to Support the Yen

Brazil Central Bank Cuts Rate to 14% as Inflation Cools

Brazil’s central bank lowered its benchmark interest rate by a quarter point to 14%. The move marked a fourth consecutive meeting with a rate cut. Fresh data indicated that economic growth was moderating. Inflation also slowed more than economists had expected, supporting the latest reduction.

Macro & central banksBrazilcentral bankinterest ratesinflation

BBloomberg NewsOriginal★★★☆☆2026-08-05 23:00

Brazil Central Bank Cuts Rate to 14% as Inflation Cools
Brazil Central Bank Cuts Rate to 14% as Inflation Cools

Block raises 2026 profit forecast on Cash App growth and resilient spending

Payments company Block increased its full-year gross profit forecast. The company had reported results that exceeded market expectations. Resilient consumer spending supported the performance, while strong growth in its Cash App business provided another key driver. The updated outlook reflects the firm’s view that these trends are continuing through 2026.

Macro & central banksCompanies & industryBlockCash Appprofit forecastconsumer spending

RReutersOriginal★★☆☆☆2026-08-05 22:01

Block raises 2026 profit forecast on Cash App growth and resilient spending
Block raises 2026 profit forecast on Cash App growth and resilient spending
  • Dorsey’s Block Raises Profit Outlook as Revamp Takes Shape
    Dorsey’s Block Raises Profit Outlook as Revamp Takes Shape

    Block Inc. raised its full-year profit guidance on Wednesday. The company’s quarterly results exceeded expectations, supported by growth in both its Square and Cash App businesses. The stronger performance comes as Block’s revamp begins to take shape.

    Blockprofit outlookSquareCash App

    BBloomberg News★★☆☆☆2026-08-05 21:30Original

Fed’s Cook says she is ready to raise rates if inflation does not ease

Federal Reserve Governor Lisa Cook said she is open to raising the central bank’s short-term interest-rate target if inflation in the U.S. economy remains too high. She indicated that a failure for price pressures to begin easing could require additional monetary tightening. Cook’s comments leave a rate increase under consideration as the Fed responds to persistent inflation.

Macro & central banksUS economyFederal Reserveinflationinterest rates

RReutersOriginal★★★☆☆2026-08-05 20:25

Fed’s Cook says she is ready to raise rates if inflation does not ease
Fed’s Cook says she is ready to raise rates if inflation does not ease

Dallas and New York Fed banks to launch pilot survey of private credit market

The Federal Reserve banks of Dallas and New York plan to begin a pilot survey of the private credit market after the third quarter ends. The New York Fed announced the plan in a statement on Wednesday. The market is estimated to be worth $1.3 trillion. The initiative will examine a large and expanding area of finance through the two regional banks.

Macro & central banksMarketsBanking & financeFederal Reserveprivate creditfinancial markets

RReutersOriginal★★☆☆☆2026-08-05 16:50

Dallas and New York Fed banks to launch pilot survey of private credit market
Dallas and New York Fed banks to launch pilot survey of private credit market

Prudential shares tumble on report China will tax offshore insurance returns

Prudential shares dropped as much as 13% on Wednesday following a Caixin report that Chinese mainland tax authorities have begun imposing personal income tax on returns from offshore insurance policies. The report points to growing scrutiny of offshore investments in China. Investors reacted sharply to the prospect of increased tax pressure on such returns. The move adds to concerns surrounding the treatment of offshore insurance products.

Macro & central banksMarketsBanking & financePrudentialChina taxoffshore insuranceinvestment scrutiny

RReutersOriginal★★☆☆☆2026-08-05 14:50

Prudential shares tumble on report China will tax offshore insurance returns
Prudential shares tumble on report China will tax offshore insurance returns

Bank of Russia sees signs of fuel market stabilization, summary shows

The Bank of Russia sees indications that the fuel market is stabilizing. A summary says higher fuel prices also create indirect effects. Increased transportation and production costs can be passed through into prices for a broader range of goods and services. This transmission widens the pricing impact beyond fuel itself.

Macro & central banksEnergy & commoditiesBank of Russiafuel marketprice pass-through

TTASSOriginal★★☆☆☆2026-08-05 14:25

Bank of Russia sees signs of fuel market stabilization, summary shows

Wildberries denies reports of moving logistics hubs outside Russia

Wildberries has rejected reports that it is relocating its logistics hubs beyond Russia. Company representatives say the retailer is systematically expanding its logistics infrastructure across the countries where it operates. The statement presents the activity as broader infrastructure growth rather than a transfer out of Russia. No relocation outside the country was acknowledged by the company.

Macro & central banksWildberrieslogistics infrastructureRussia

TTASSOriginal★★☆☆☆2026-08-05 14:18

Wildberries denies reports of moving logistics hubs outside Russia

Bank of Russia says rising global energy prices supported ruble appreciation in March-May

The Bank of Russia says higher global energy prices supported the ruble’s appreciation from March through May. The central bank added that the currency has since corrected following its June meeting. According to the statement, the ruble’s level has returned to where it stood in late April 2026. The comments link the currency’s earlier strength to developments in global energy prices.

Macro & central banksMarketsEnergy & commoditiesRussiarubleenergy pricescentral bank

TTASSOriginal★★★☆☆2026-08-05 14:13

Bank of Russia says rising global energy prices supported ruble appreciation in March-May

US private payrolls rise moderately in July, ADP reports

U.S. private-sector payrolls increased in July, according to ADP’s national employment report released Wednesday. The report said the pace of growth slowed during the month. It characterized the increase as moderate, pointing to a weaker expansion in private employment than previously. The figures provide a monthly reading on hiring by U.S. private employers.

Macro & central banksUS economyprivate employmentADP

RReutersOriginal★★★☆☆2026-08-05 13:45

US private payrolls rise moderately in July, ADP reports
US private payrolls rise moderately in July, ADP reports

FAO warns world faces fresh surge in food prices

The world is nearing another wave of food inflation, according to the chief economist of the Food and Agriculture Organization. Wars in Iran and Ukraine, combined with El Nino, are described as creating a perfect storm for higher costs. Crop yields could also fall, adding supply pressure to rising expenses. The combination threatens to push food prices higher again across the globe.

Macro & central banksEnergy & commoditiesfood pricesinflationFAOIran warUkraine war

RReutersOriginal★★★★☆2026-08-05 13:44

FAO warns world faces fresh surge in food prices
FAO warns world faces fresh surge in food prices

Bessent nudge strengthens case for a BOJ rate hike in September

U.S. Treasury Secretary Scott Bessent has publicly weighed in on Japan’s monetary policy. His views have nearly locked the Bank of Japan into raising interest rates at its September meeting. The intervention has also prompted questions about how much influence Washington may exert over Japan’s domestic policy. The focus is now on the central bank’s next decision.

Macro & central banksBank of Japaninterest ratesScott Bessentmonetary policy

RReutersOriginal★★★★☆2026-08-05 11:50

Bessent nudge strengthens case for a BOJ rate hike in September
Bessent nudge strengthens case for a BOJ rate hike in September

New Zealand Jobless Rate Rises as Energy Shock Drags on Hiring

New Zealand’s unemployment rate climbed to its highest level in 11 years during the second quarter. A global energy shock squeezed company profits and weighed on hiring. At the same time, more people entered the job market seeking work. The combination pushed the jobless rate higher as employers faced tighter financial conditions.

Macro & central banksEnergy & commoditiesNew Zealandunemploymentenergy shockhiring

BBloomberg NewsOriginal★★★☆☆2026-08-05 11:00

New Zealand Jobless Rate Rises as Energy Shock Drags on Hiring
New Zealand Jobless Rate Rises as Energy Shock Drags on Hiring

Russia’s services PMI rises to 49 points in July

Russia’s services purchasing managers’ index rose to 49 points in July, according to an S&P Global study. The reading came as new orders declined for a fourth consecutive month at the beginning of the third quarter. The continued fall in orders points to persistent weakness in demand. Services activity therefore remained below the level associated with expansion.

Macro & central banksRussia economyservices sectorPMI

TTASSOriginal★★★☆☆2026-08-05 10:45

Russia’s services PMI rises to 49 points in July

UK services sector returns to growth as optimism improves, PMI shows

Britain’s dominant services sector returned to growth last month, according to an S&P Global survey. New orders increased, helping lift activity in the industry. Expectations for activity over the coming 12 months also strengthened. The outlook reached its highest level since before the Iran war began in February.

Macro & central banksUK economyservices sectorPMI

RReutersOriginal★★★☆☆2026-08-05 09:50

UK services sector returns to growth as optimism improves, PMI shows
UK services sector returns to growth as optimism improves, PMI shows

German services downturn eases in July as demand picks up, PMI shows

Germany’s services sector contracted only slightly in July, according to a business survey released on Wednesday. Demand improved modestly during the month. New business also increased for the first time in five months. The results point to a less severe downturn in the sector.

Macro & central banksGermany economyservices sectorPMI

RReutersOriginal★★★☆☆2026-08-05 09:40

German services downturn eases in July as demand picks up, PMI shows
German services downturn eases in July as demand picks up, PMI shows

South African rand edges higher as risk appetite improves ahead of PMI

The South African rand moved slightly higher in early Wednesday trading. A weaker U.S. dollar and declining oil prices supported the risk-sensitive currency. Domestic investors were meanwhile waiting for the release of a business conditions purchasing managers’ index. The data is expected to provide a fresh indication of local business activity.

Macro & central banksMarketsEnergy & commoditiesCompanies & industrySouth African randbusiness activity PMIU.S. dollaroil prices

RReutersOriginal★★☆☆☆2026-08-05 09:00

South African rand edges higher as risk appetite improves ahead of PMI
South African rand edges higher as risk appetite improves ahead of PMI

Italy to fully use EU budget leeway for energy spending, finance minister says

Italy plans to make full use of the budget flexibility provided by the European Union’s “escape clause,” Economy Minister Giancarlo Giorgetti said. The government intends to direct that room toward measures designed to ease energy costs. The clause permits leeway from the bloc’s budget rules. Giorgetti made the statement on Wednesday.

Macro & central banksEnergy & commoditiesItalyEU budget rulesenergy costs

RReutersOriginal★★★★☆2026-08-05 08:35

Italy to fully use EU budget leeway for energy spending, finance minister says
Italy to fully use EU budget leeway for energy spending, finance minister says

India’s July services growth falls to more than four-year low, survey shows

India’s dominant services sector recorded its weakest growth in more than four years in July, according to a survey. Expansion slowed sharply as businesses faced intense competition and clients showed less appetite for services. The loss of demand weighed on the sector’s momentum and pushed its growth rate to a notably lower level.

Macro & central banksIndiaservices sectoreconomic growth

RReutersOriginal★★★☆☆2026-08-05 08:15

India’s July services growth falls to more than four-year low, survey shows
India’s July services growth falls to more than four-year low, survey shows

South African private sector growth slows slightly in July, PMI shows

South Africa’s private sector expanded for a second consecutive month in July, according to a business survey. Growth eased slightly as weaker employment gains and renewed declines in inventories offset a return to output growth. The figures indicate continued expansion, but with less momentum than in the previous month.

Macro & central banksSouth Africa economyprivate sectorPMI

RReutersOriginal★★★☆☆2026-08-05 07:40

South African private sector growth slows slightly in July, PMI shows
South African private sector growth slows slightly in July, PMI shows

‘China travel’ fuels a ‘China shopping’ boom

The growing global appeal of “China travel” is driving a surge in retail activity. Shanghai saw applications for departure tax refunds approach three times their previous level during the first half of 2026, according to CCTV News. The figures indicate that interest in visiting China is increasingly translating into shopping demand among international travelers. Retailers are benefiting as tourism and consumer spending become more closely linked.

Macro & central banksEnergy & commoditiesCompanies & industryChina travelretailtax refunds

CChina News ServiceOriginal★★★☆☆2026-08-05 07:37

‘China travel’ fuels a ‘China shopping’ boom
  • EconoScope | ‘Chinamaxxing’ reshapes inbound travel to China

    “Chinamaxxing,” a social-media buzzword for immersing oneself in all things Chinese, is changing the way international visitors experience China. More travelers are moving past conventional sightseeing and seeking direct engagement with Chinese culture, technology and everyday life. The trend signals a broader form of inbound tourism, centered not only on destinations but also on daily experiences and cultural immersion.

    inbound tourismChinese culturesocial media

    CChina News Service★★☆☆☆2026-08-05 07:11Original

Indonesia’s Q2 GDP grows 5.29% year on year

Indonesia’s economy expanded 5.29% in the second quarter compared with the same period a year earlier, according to official figures released Wednesday. The growth rate exceeded the 5.10% forecast from economists surveyed by Reuters. The result points to stronger-than-expected quarterly economic performance.

Macro & central banksIndonesiaGDPeconomic growth

RReutersOriginal★★★☆☆2026-08-05 07:35

Indonesia’s Q2 GDP grows 5.29% year on year
Indonesia’s Q2 GDP grows 5.29% year on year
  • Indonesia’s Q2 GDP growth slows to 5.29% year on year, beating forecasts
    Indonesia’s Q2 GDP growth slows to 5.29% year on year, beating forecasts

    Indonesia’s economy grew 5.29% year on year in the second quarter, according to official data released Wednesday. Growth was slower than in the preceding quarter. It nevertheless exceeded expectations. The figures point to a moderation in economic momentum while showing a stronger performance than forecast.

    IndonesiaGDPeconomic growth

    RReuters★★★☆☆2026-08-05 05:35Original

UAE non-oil growth hits four-month high in July, PMI shows

The United Arab Emirates’ non-oil private sector expanded at its quickest rate in four months during July, according to a business survey. New orders reached their strongest level in five months, while export activity also increased. The figures point to continued momentum in the country’s non-oil economy. The survey offered a fresh reading on business conditions.

Macro & central banksEnergy & commoditiesCompanies & industryUnited Arab Emiratesnon-oil economybusiness survey

RReutersOriginal★★★☆☆2026-08-05 07:15

UAE non-oil growth hits four-month high in July, PMI shows
UAE non-oil growth hits four-month high in July, PMI shows

India’s central bank holds rates, awaits clearer inflation signal before acting

The Reserve Bank of India kept its benchmark repo rate unchanged at 5.25% on Wednesday. Policymakers are waiting for stronger evidence about whether rising oil prices are feeding into broader inflationary pressures. The decision leaves the rate steady while officials seek a clearer signal before taking further action. The issue is being watched in Asia’s third-largest economy.

Macro & central banksEnergy & commoditiesIndia central bankinterest ratesinflationoil prices

RReutersOriginal★★★☆☆2026-08-05 06:35

India’s central bank holds rates, awaits clearer inflation signal before acting
India’s central bank holds rates, awaits clearer inflation signal before acting
  • India’s central bank holds rates as expected
    India’s central bank holds rates as expected

    The Reserve Bank of India left its policy repo rate unchanged at 5.25% on Wednesday, in line with expectations. The central bank is waiting for more data before deciding whether rising oil prices are adding to inflationary pressure. The assessment concerns price pressures in Asia’s third-largest economy.

    Reserve Bank of Indiainterest ratesinflationoil prices

    RReuters★★★☆☆2026-08-05 05:50Original

BOJ minutes show calls for an early additional rate hike

The Bank of Japan released on the 5th the minutes of its June monetary policy meeting, where it decided to raise interest rates. A majority of views favored responding to inflation risks linked to higher crude oil prices and a weaker yen. Some participants also argued that another rate hike should come early in the future.

Macro & central banksBank of Japanrate hikeinflation risks

NNHK NewsOriginal★★★☆☆2026-08-05 03:42

BOJ minutes show calls for an early additional rate hike
BOJ minutes show calls for an early additional rate hike
  • BOJ debated rising price risks even as it hiked rates in June, minutes show
    BOJ debated rising price risks even as it hiked rates in June, minutes show

    Bank of Japan policymakers discussed mounting price risks when they raised borrowing costs in June. The meeting minutes indicated that those risks likely called for additional rate increases. The move had already pushed borrowing costs to their highest level in 31 years. The record also underscored the central bank’s growing focus on inflation becoming broader.

    Bank of Japaninterest ratesinflation

    RReuters★★★☆☆2026-08-05 03:00Original

Fed’s Schmid calls for tighter policy to curb ‘too high’ inflation

Federal Reserve Bank of Kansas City President Jeff Schmid said Tuesday that some form of monetary policy tightening is needed. He said the measure would help bring inflation, which he described as “too high,” back down. Schmid identified the target as 2%. His comments point to tighter policy as a response to elevated inflation. The remarks focus on returning price growth to the central bank’s stated goal.

Macro & central banksFederal Reservemonetary policyinflationJeff Schmid

RReutersOriginal★★★☆☆2026-08-05 03:40

Fed’s Schmid calls for tighter policy to curb ‘too high’ inflation
Fed’s Schmid calls for tighter policy to curb ‘too high’ inflation

PBOC to Conduct 500 Billion Yuan Outright Reverse Repo Operation

The People’s Bank of China says it will carry out an outright reverse repo operation worth 500 billion yuan on Wednesday. The planned transaction is valued at about 69.6 billion U.S. dollars. The announcement was made on Tuesday. It represents an operation by China’s central bank in the money market.

Macro & central banksMarketsPBOCreverse repomonetary policy

CChina News ServiceOriginal★★★☆☆2026-08-05 02:14

PBOC to Conduct 500 Billion Yuan Outright Reverse Repo Operation

Fed's Schmid says finances around AI buildout merit watching

Jeff Schmid, president of the Federal Reserve Bank of Kansas City, said on Tuesday that the financial situation surrounding the expansion of the artificial intelligence sector deserves attention. His remarks focused on the financing conditions involved in building out AI, without detailing specific risks or policy steps.

Macro & central banksTech & AIFederal Reserveartificial intelligencefinancial conditions

RReutersOriginal★★☆☆☆2026-08-05 01:40

Fed's Schmid says finances around AI buildout merit watching
Fed's Schmid says finances around AI buildout merit watching

Japan real wages rise for sixth consecutive month in June

Japan’s real wages increased 1.6% in June compared with a year earlier, according to government data released Wednesday. The result marked a sixth straight month of growth. The continued gains strengthen the case for the central bank to raise interest rates further.

Macro & central banksJapan economyreal wagesBank of Japaninterest rates

RReutersOriginal★★★☆☆2026-08-05 01:30

Japan real wages rise for sixth consecutive month in June
Japan real wages rise for sixth consecutive month in June

India Raises Fuel Export Tax to Build Stocks on War Concerns

India raised taxes on oil-product exports to bolster domestic fuel stockpiles. The move comes as global supplies remain tight. Fighting between the United States and Iran has paused, but supply pressures persist. The higher levies are intended to strengthen India’s fuel reserves amid concerns over the war.

Macro & central banksMarketsEnergy & commoditiesTrade & sanctionsIndiafuel export taxenergy supplyUS-Iran conflict

BBloomberg NewsOriginal★★★★☆2026-08-05 01:30

India Raises Fuel Export Tax to Build Stocks on War Concerns
India Raises Fuel Export Tax to Build Stocks on War Concerns

Japan PM Takaichi asked BOJ to buy more bonds when needed, Jiji reports

Japanese Prime Minister Sanae Takaichi asked the Bank of Japan to increase its purchases of government bonds whenever necessary, Jiji news agency reported on Tuesday. She made the request during a meeting with BOJ Governor Kazuo Ueda in May. The reported purpose was to restrain increases in long-term interest rates. The account attributes the information to Jiji’s report on the meeting.

Macro & central banksMarketsJapanSanae TakaichiBank of Japangovernment bonds

RReutersOriginal★★★☆☆2026-08-05 00:30

Japan PM Takaichi asked BOJ to buy more bonds when needed, Jiji reports
Japan PM Takaichi asked BOJ to buy more bonds when needed, Jiji reports

Bessent says he is sure BOJ chief Ueda will ‘do what is best’, NHK reports

U.S. Treasury Secretary Scott Bessent said he was confident that Bank of Japan Governor Kazuo Ueda would act in what he considers the best interest of Japan’s economy. Public broadcaster NHK reported the remarks on Wednesday. Bessent’s comment expressed trust in Ueda’s judgment regarding the country’s economic policy. No further policy action was specified.

Macro & central banksU.S. TreasuryBank of JapanJapan economy

RReutersOriginal★★★☆☆2026-08-05 00:10

Bessent says he is sure BOJ chief Ueda will ‘do what is best’, NHK reports
Bessent says he is sure BOJ chief Ueda will ‘do what is best’, NHK reports

India Seeks Broader Electronics Tax Breaks in Win for Apple

India is seeking to expand tax incentives for foreign companies that supply machinery to domestic electronics manufacturers. The proposed extension would benefit companies such as Apple and Google. Both firms are increasing production in India, making the incentives a potential boost to their local manufacturing efforts. The move reflects efforts to support the country’s electronics industry while attracting more foreign participation.

Macro & central banksCompanies & industryTech & AIIndiaelectronics manufacturingtax incentivesAppleGoogle

BBloomberg NewsOriginal★★★☆☆2026-08-04 23:00

India Seeks Broader Electronics Tax Breaks in Win for Apple
India Seeks Broader Electronics Tax Breaks in Win for Apple